China

Singapore's Lee cements China ties with visit

Singaporean Prime Minister Lee Hsien Loong’s visit to China this week signals efforts on both sides to reaffirm relations that have showed strains over the past year – both in its timing and number of high-level meetings.Lee began a three-day official visit Tuesday, getting face time with China’s top officials as they prepare for a once-every-five-years party congress next month.

20 September 2017
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China’s renewable-energy revolution

BEIJING – At the start of 2017, China announced that it would invest 360 billion dollars in renewable energy by 2020 and scrap plans to build 85 coal-fired power plants. In March, Chinese authorities reported that the country was already exceeding official targets for energy efficiency, carbon intensity, and the share of clean energy sources.

19 September 2017
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S.Korean cosmetics maker targets Southeast Asian markets

South Korea’s biggest cosmetics maker is revamping its products to suit Muslims and darker-skinned women in Southeast Asia as it tries to make up business lost because of political tensions with China over a missile-defence system.Amorepacific is pushing harder into Indonesia, Singapore, Malaysia, Thailand and Vietnam with a lineup that takes into account skin tones, the region’s humidity and the need for Muslim women to wash their faces five times a day before prayers.

19 September 2017
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ICO is like an IPO but with digital coins

An IPO, or initial public offering, offers a chance to make big money quickly by getting in on the ground floor of the next new Google or Facebook. An ICO, or initial coin offering, offers a chance to make big money quickly by getting in on the next new money. It’s a formula that’s led to over two billion dollars being raised so far this year for a range of startups issuing digital tokens, a faster pace than any other early-stage venture capital funding.

18 September 2017
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India is set to become Asia's growth engine

India is poised to emerge as an economic superpower, driven in part by its young population, while China and the Asian Tigers age rapidly, according to Deloitte.The number of people aged 65 and over in Asia will climb from 365 million today to more than half a billion in 2027, accounting for 60 percent of that age group globally by 2030, Deloitte said in a report Monday.

18 September 2017
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Top Chinese bitcoin exchange shuts down

One of the biggest bitcoin exchanges in China and the world announced Thursday that it would stop all trading following new Chinese government regulations clamping down on cryptocurrencies.The international value of bitcoin has plunged in recent days amid speculation that the Chinese authorities will shut down the trading platforms following last week's ban on initial coin offerings.BTCC – China's second bitcoin platform in terms of volume and the world's third largest – said o

15 September 2017
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Pandas found a new home in Indonesia

“Many people don’t realise it, but there are actually two Chinese ambassadors in Washington: me and the panda cub at the National Zoo,” wrote Chinese ambassador to the US, Cui Tiankai, in his opinion piece published by The Washington Post in 2013.

15 September 2017
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New Chinese energy star hungers for more

A nine billion dollars stake in one of the world’s biggest oil companies may not be enough for CEFC China Energy.A week after China’s largest private energy company struck a deal for a chunk of Rosneft PJSC, it’s been pegged as a possible investor in a Russian metals and power business and a free-trade zone in Georgia’s Black Sea port of Poti.The Rosneft deal has thrust CEFC into the spotlight, transforming it from an obscure conglomerate focused mainly on the former Soviet Union and eastern

15 September 2017
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G20 members push forward on Paris climate accord

Some 30 environment ministers will push forward on the Paris climate accord at a meeting Saturday requested by Canada, China and the European Union.With more than half of G20 members attending – representing most of the world's largest economies – "this first gathering of its kind aims to further galvanise global momentum for the implementation of the Paris Agreement," the European Commission said.Prime Minister Justin Trudeau of Canada, who will make a brief appearance at the

15 September 2017
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UN calls for immediate end to Myanmar violence

The UN Security Council on Wednesday broke its weeks-long silence on the crisis in Myanmar and called for an end to the violence as UN chief Antonio Guterres said the military campaign amounted to ethnic cleansing of Rohingya Muslims.Following a closed-door meeting, the 15-member council including China, a supporter of Myanmar's former ruling junta, expressed concern about excessive force during security operations in Rakhine state and called for "immediate steps" to end the vi

14 September 2017
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Will saner heads prevail in the Korean Peninsula?

Speaking off the cuff to his audience during the taping of his late night political and social satire show, comedian, Trevor Noah provided an interesting analogy of the tense situation unfolding between the US (United States) and North Korea.“North Korea is like a hot potato. The skill is to keep the hot potato bouncing so that you don’t get burnt. Then you pass it on to the next person. That’s what every smart president does.

14 September 2017
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Asia's foreign reserves are stronger than ever

Across much of Asia, foreign currency reserves have never been stronger.India’s foreign currency reserves are set to hit a new high of 400 billion dollars, enough to cover a year of imports, while holdings of international currencies in South Korea, Taiwan, Thailand and Indonesia are all at record levels.

14 September 2017
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